W. Edward Newton Jr., CFP (R) | 13850 Ballantyne Corporate Place, Suite 500 | Charlotte, NC 28277 | 704-552-8689

 

4th Down Week, Retaliatory Tariffs From China, Jobless Claims Fall to 209k, Fed to Cut Rates Again?
for Week Ending 8/23/2019

 

Major indexes fell Friday as China announced retaliatory tariffs on the US, wiping out any gains for the week. For the week the Dow lost 257 pts or -0.99%, the S&P fell 41 pts or -1.44%, while the NASDAQ slid 144 pts or -1.83%. Jobless claims fell to 209,000 last week. Federal Reserve Chairman Jerome Powell signaled at Friday's annual Fed conference that the central bank may cut rates again and as soon as next month. Have a good weekend! Ed

 



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Regards, W. Edward Newton Jr., CFP (R)

Certified Financial Planner

 

 

 

 

W. Edward Newton Jr., CFP | Certified Financial Planner

13850 Ballantyne Corporate Place, Suite 500 Charlotte, North Carolina 28277 Phone: (704) 552-8689 | Email: ed@newtonwealthmanagement.com